Law & Order
Shavini Madhara
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Print Edition
Colombo Additional Magistrate Magula Rathnayake yesterday imposed a travel ban on five persons for allegedly defrauding an amount of Rs.8 billion on the people who invested money in the fake Crypto Pyramid scheme called Sports Chain.
The Magistrate also issued notice on them to appear before the Colombo Chief Magistrate’s Court on December 5.
Accordingly, the accused residents of Maharagama, Kurunegala, Polpithigama, Giribawa and Nikawarekiya.
“It has been revealed that a large number of people, including teachers, had invest in this pyramid business and complaints are already being received at the Criminal Investigation Department”, the Criminal Investigation Department stated.
The CID further stated that the said defendants have committed offenses under Section 386,369, 389 and 403 of the Penal Code.
Tuesday, September 13, 2022 – 01:02
